CAMMU Statement on Doubling of Section 232 Steel and Aluminum Tariffs: “CAMMU is concerned that the doubling of steel and aluminum tariffs will have the unintended consequences of driving even more manufacturing overseas.” Read the full statement here: https://t.co/s1uN3m2TEK
High tariffs on steel and aluminum lead to increased costs of production and ultimately higher costs for consumers. Section 232 tariffs are hurting U.S. manufacturers, increasing the prices of U.S. domestic products, and leading to job losses. #AMSCI
New USITC report: industry representatives report that Section 232 tariffs on steel have led to decreased supplies of automotive steel products and increased input costs for automotive manufacturers. https://t.co/EYnNwJ1dmu #AMSCI
The recent USITC report on Section 232 show U.S. importers bore nearly the full cost of the tariffs, and how production in downstream industries decreased. This amounted to billions of lost revenues. https://t.co/EYnNwJ1dmu
CAMMU on WTO Ruling Against US on 232 Steel and Aluminum Tariffs: "It is clear that the Section 232 'national security' tariffs on imports of steel and aluminum are damaging the U.S. manufacturing sector" https://t.co/EzyIGTdu7w
New CAMMU Steel Price Chart shows that US prices are $276 higher than China and $98 higher than the EU. US domestic capacity utilization is at 72.80%. https://t.co/DCSiWFpUje
The WTO said Friday its dispute-settlement panels found the U.S. violated international trade rules with its tariffs on imported steel and aluminum, in a case that pit Washington against China as well as several friendly nations https://t.co/UjzHG8L204 via @WSJ
Raising U.S. home prices, disrupting supply chains and killing off manufacturing jobs are not among President Biden’s stated economic goals. But you wouldn’t know it from the Commerce Department’s latest trade “remedy.” https://t.co/a5veYSeX2W via @WSJ
“What purpose is a tariff that raises the cost of an imported product if it is not leading to an increase in the domestic production and supply of that specific product?” Read more from our post-hearing comments on Section 232 & 301 tariffs https://t.co/GjdZyQ30BD
U.S. Trade Representative Katherine Tai says "equity" is the central principle for American trade policy. So we're going to lift the tariffs, right? Right?! https://t.co/bG8WBODxQw via @reason
“The problem is that the Section 232 tariffs are protecting the domestic industry from competition at the expense of its customers and causing damage to our businesses. The tariffs have resulted in the United States becoming an island of high steel and aluminum prices."
“These ongoing tariffs, which are now more than four years old, have severely damaged U.S. manufacturing global competitiveness and an independent review of their impact is long overdue." - B. Walter & Co. on the Section 232 Tariffs during #usitc hearing https://t.co/hZcf7r7dqR
#USITC testimony from Tennsco LLC: “We need stability and certainty in our industry and the Section 232 national security tariffs on our allies and now some Tariff Rate Quotas create more instability, not less, even if you do not import much #steel" https://t.co/gsV7TXgVTQ